Daily Republican., 1887-07-25
Talk ON Wall street,

oid.iashtonet lawyer with ba d head
AUD wise expression of countenau @ y
who has an office In the Drexel build
ing, corner Of Wall apd Broad st,ee,s.
He Is known as the Hon. Al2erpon S.
Sullivan, and just now he has pretty
big job on hand. Mr.. Sullivan hiss
6ser retained IS counsel for Mr.. Henry
3. Ives and associates In the litigation
which those gen Dtlemen are having with
Mr.. Garrett on account Of the burstir 2
up OF the Baltimore and Ohio deal. The
-fashioned lawyer, assisted by o
small army of clerks and type writer's,
10 preparing no end of legal documeuts.
Mr.. Garrett has been in this city hob
nob5ing with several prominent lawyers
and railroad men, and 1t is said that he
10 ohock full OF fight. At any rate he
did not seem q bit scared before he
sailed for Europe yesterday NJ the idea
OF being drawn into lega controversy.
he will be prepared to resist nlsims
against him for breach Of contract or q
failure Oh his part to deliver to the
would be purch asera controlling inter
est In the Baltimore and Ohio railroad
and telegraph lines. OF course Wall
street 10 intensely interested in the
h2ht. II Is understood that the veteran
Henry Clews has come over to Garrott's
support.
Ii seems to be pretty we'll uud dorstood
iu certain quarters that although the
Baltimore and Ohio deal has failed for
the time being, the parties who have
been attempting to bring 1t about are
likely to resume their negc citations for q
puI chase Of the property at no distant
day. Mr.. Henry 8. Ives, who has
dgared so prominently in The nesoti.
atoms, Ia a young nau, almost boy yi.h
In appearance. He has reputation for
shrewdBess, and he is no doubt a wide.
awake chap, but much of his supposed
smartness is really the concentrated
wisdom OF half dazen older heads
who have not come so prominently to
the front as ne has IN the attempt 10 ss.
care control Of one of the greatest rail.
road and telegraph enterprises In the
country.
One of tie latest reports is ths. Mr..
Cyrus W. Field vas one of the older
heads. Perhaps this Is mere conjecture,
but the recent sale Of Manhattan stock
by that noted hnancier woald seem to
indicate that he wished to use large
amount Of money for some special pur.
pose. II this special purpose was to get
finger In the Baltimore apd Ohio pis
nobody need be greatly surprised. MIR.
Fields enterprise AID ambition in tele.
graphic matters is well known on both
sides OF the Atlantic. Lately be has
been anxious to get bis son into wider
field of business than the young man
now enjoys, and why should not the
young man figure Is manager Of the
Baltimore and Ohio property?
Yourg Cyrus W. Field, Jr, seems to
be . genuine chip of the old block. He
has his fathers nsrvousnesses and uu-
ceasing activity, and 1t may be added
fair bhsrs of the old geutlem an g
business ability. Whether tho Young
fellow will ever be a. succ csssful as the
old nsn remains 10 be seen. The son
mas an ttfic, on cns Of the upper foore
Of the tail Washington building. Els
door opens from the same hallway ard
within few feet Of that of his father g
business be I'D quarters. The senior, how.
ever, does not do M uoh coaching" for
the junior. Old Cyrus seys every
young man should leara to paddle his
own canoe.
There is rumor that one Of the rea
sons WHY Mr.. Fled was 80 willing to
sell bis Manhattan stock was his sp'
prehensioa that large number Of the
ownere OF real estate along the lines of
the elevated railroads inter dsj to push
their claims for da nages on account O!
the comraDy's somewhat uusightly
structure In front OF their prem lac 8.
Mr.. Field himself pooh poohs this re
port, but IL is known In Wall street cir
cles that movem ent is on foot among
the aforesaid property owners to form o
combiEation for the purpose of making
o persistent effort in the courts for the
enforcement OF their legged rights.
Both sides of this question. rs is we'll
known, have alreaiy besn discussed in
isolated CASES, one Of which was recent.
ly decided In favor of the cla' 'mant.